Use your answers above and the information below to complete the remaining questions. PROJECT CASH FLOWS Philips expects to invest $26,000,000 in new/plant equipment. The contract will last for 10 years, at which point it expects its plant equipment to have a salvage value of $12,000,000. They plan to finance this project using 40% debt and 60% equity. Their investment banker advises there are transaction costs of 3.75% on debt and 11.0% on equity. Phillips expects to increase its accounts receivable by $7,500,000, its inventory by $3,000,000, and its accounts payable by $0,000,000. It expects to sell 50,000 units at a price of $315/ unit, with variable cost per unit of $200. It expects additional operating costs each year of $550,000. Phillips tax rate is 35%. - What is the annual depreciation for the fixed assets of this project? - What is the firm's weighted average flotation cost? (round to four decimal places) - What is the firm's flotation adjusted Initial Capital Expenditure? (round to nearest $100,000 ) - What is the projected Cash flow at Year 0? (round to nearest \$100,000) - What is expected Cash flow Year 1-9? (round to nearest $100,000 ) - What is the expected Cash Flow of Year 10? (round to nearest $100,000 ) o - What is the project's Net Present Value? - What is the project's Internal Rate of Return? - What is Phillips Accounting Break-even unit sales level? - What is Phillips Cash Break-even unit sales level